XRP Network Activity Surges Amidst Bearish Market Sentiment

XRP is currently facing a complex situation in the market, with bearish sentiment continuing to accumulate. However, on-chain address activity is rising, indicating that network-level participation has not significantly weakened. According to data, active addresses have surged to about 49,929 within 24 hours, reaching a multi-month high.

This divergence between market sentiment and on-chain activity suggests that prices are under pressure, but the network remains active. The current price of XRP is near $1 USD, and it needs to reclaim this level to establish itself above it. If it can do so, it may form higher lows and stabilize the futures CVD.

The derivatives data remains bearish, with a deeply negative futures CVD reflecting ongoing active selling pressure. The positive funding rate indicates that some longs in the market are still willing to hold positions, but the sellers remain dominant. If buying momentum strengthens, the next resistance zone will be between $1.17 and $1.18 USD.

The core view of this analysis is that no clear short-term reversal signal has emerged for XRP. However, the simultaneous presence of extremely bearish sentiment and rising on-chain activity makes its price trend worth monitoring going forward.